E-Waybill issue will not Permissible without e-Invoice info

E-Waybill issue will not be permissible without e-Invoice details

• E-Waybill issue will not be permissible without e-Invoice details entered in it with effect from 1st March 2024. and moreover that New Harmonized System of Nomenclature Code conditions for E-Way Bills effective from 1st Feb, 2024: Six Digits for Aggregate Annual Turnover (AATO) under GST > INR 5 Cr, Four Digits for Aggregate Annual Turnover (AATO) under GST < INR 5 Cr.
• Firm/ Company / Businesses with annual revenues more over INR 5 crore would not be able to issue e-way bills for business-to-business transactions without integrating e-invoice details as of 1st March 2024. Starting on 1st March 2024, Firm/ Company / Businesses with annual revenue greater than INR 5 Cr. will be unable to issue an e-way bill without enclosing e-invoice details for every B2B transaction.
• Check and Balances: For taxpayers who qualify for e-invoicing, checks will be implemented through the e-Waybill generating process. Direct e-Waybill production for B2B and B2E (Exports) transactions will not be permitted for qualified Suppliers without a corresponding e-Invoice. The Supply/Exports/SKD/CKD/Lots categories of e-Waybills are subject to this restriction. But B2C and non-Supply transaction e-Waybill generating will go on as usual.
• For E-Way Bills issued by transporters, similar verifications will be applied to the Supplier GSTIN. There won’t be any changes made to Part-B updating or transporter ID updating. By March 1, 2024, all taxpayers and transporters are urged to change their systems to these changes.
• Above said regulation will be applicable to e-Invoice allowed to GST taxpayers. Notably, E-Waybill issuance/ System for B2C & non-supply transactions will remain unaffected.

Q.: What may be done if I generated the incorrect Invoice, the transaction didn’t happen & the time of 24 hours has exceeded so I cannot cancel it?

• In such cases, you’ll always create a Credit Note for that Invoice to nullify it if there has been no actual transaction against the Invoice.
• The person shall declare their details of the Credit Note in GSTR-1 & GSTR-3B filing.

Q.: Can I upload an invoice to the IRP for a future date?

• No, you can’t upload the Invoice for a future date. However, you’ll be able to upload your invoices in real-time within the IRP, in other words, Invoices are often uploaded to the IRP for an awfully near future date, like 24-48 hours.

Q. : I am an e-commerce operator, but my turnover is a smaller amount than Rs. 100 Crores. Do I still need an e-Invoice?

• No, you wish not generate e-Invoices if your Turnover is a smaller amount than Rs. 100 Crores.

Q.: Do I’ve gotto come up with an e-Way Bill after generating an e-Invoice?

• Yes, although it’s said that the e-Invoice data shall be transferred to the e-Way Bill Portal & create Part-A of the e-Way Bill, you continue to should furnish the opposite half, that’s Part-B of the e-Way Bill. Also, Part A shall be updated provided that it passes all validations required by e-Way Bill Portal. just in case such validation fails, the user will manually should create the e-Way bill.
• You have to enter the Vehicle & Transporter details within the e-Way Bill.